NAPERVILLE, Ill.–State leagues in two states have announced leadership changes.
The Illinois Credit Union League and the ICUL Service Corporation (Envisant) said that effective Dec. 31, Tom Kane will retire as CEO of both organizations and be succeeded by Libby Calderone.
Calderone is currently Envisant’s president and COO.
“Today’s leadership announcement is the culmination of a successful planning process the boards, Tom, and Libby have worked on together for the past two years,” Joseph Kregul, ICUL and Envisant board chair, said in a statement. “My fellow directors and I would like to thank Tom for his thoughtful and determined leadership and unwavering commitment to credit unions in Illinois and nationwide during his 21 years with the Illinois Credit Union System, including the last nine as CEO of ICUL and Envisant. Tom has transformed the league and Envisant, leaving us favorably positioned for a strong and successful future. We are pleased and fortunate he has agreed to stay on in a part-time advisory capacity so we can continue to draw upon his expertise.”
Added Kane in a statement, “It has been my pleasure, privilege, and honor to lead ICUL and Envisant as CEO. I want to thank the boards of directors, our dedicated staff, and member credit unions for their support through the years. I’ve known Libby as CEO of Earthmover Credit Union, an Envisant board director, and most recently as a trusted member of my executive team. I have great confidence her experience, track record of innovation, and passion for credit unions will position both entities to thrive into future.”
About New Leader
The ICUL said Calderone has more than three decades in the credit union community and “possesses a wealth of accomplishments and leadership experience.”
Prior to joining Envisant in 2018 as president/COO, she served as CEO/president of Earthmover Credit Union in Oswego, Ill.
“I am honored to be selected to lead the Illinois Credit Union League and Envisant as the organization’s first female president & CEO,” said Calderone in a statement. “I’m very appreciative of the board’s faith in me; it’s a privilege to follow in Tom’s footsteps, whose energy and collaborative spirit are inspiring. His mark on the league and Envisant is indelible, and I have profound respect for him as a leader and friend. As we build on the foundation established in his tenure, our talented team is ready to continue providing credit unions with the resources and expertise necessary to help them thrive in today’s competitive financial landscape.”
Michigan League CEO Corkery Also Now CEO of CUSG Subsidiary
Separately, the Michigan Credit Union League CEO Patty Corkery has now also begun serving as CEO of the league’s CUSO, CUSG.
Corkery, who has served as Michigan Credit Union League CEO and CUSG board member since 2021, succeeds Dave Adams, who is retiring retirement after 27 years as CEO of CUSG, 24 of which he also led MCUL under a joint management structure.
Adams shared his perspective upon retirement in a profile on CUToday.info here.
Career Background
The MCUL noted that in addition to her 25 years of credit union industry experience as an attorney with Holzman Corkery (now Holzman Law) and with MCUL, Corkery serves as Chairwoman of League InfoSight, and as board member for the American Association of Credit Union Leagues, the Credit Union House on Capitol Hill, the Michigan Business Connection, Lighthouse Michigan, Marquis, CalcXML, Think|Stack and also helps lead the Michigan Sister Society for the Global Women’s Leadership Network.
Corkery has a law degree from Wayne State University Law School and an MBA from Walsh College.
‘Truly Honored’
“I am truly honored to serve as the next CEO of CUSG and to continue leading our Michigan league," Corkery said in a statement. "I thank the board of directors for having confidence and faith in me. For years, under the leadership of Dave, along with an amazing team, CUSG has been a leader in marketing, technology and performance solutions. I look forward to working with our team and clients to bring CUSG to the next level. I am passionate about this industry where I have spent my entire career, and I am excited to lead our investors and clients on this next journey.”